KUALA LUMPUR: Citi Research, a division of Citigroup Global Markets Inc, expects RM690 million in net revenue from the Goods and Services Tax (GST) in 2015.
It said the forecast was based on GST gross revenue of RM23.3 billion, revenue losses from the sales and services tax (SST) abolishment (RM13.8 billion), revenue losses from the expanded list of exempted goods (RM3.8 billion), and expanded assistance programmes (RM4.9 billion).